2006-04-17 19:39 ET - New Listing
TSX bulletin 2006-0435
An application has been granted for
the original listing in the
industrial category of 66,073,525
common shares of which 16,092,842
common shares will be issued and
outstanding, and 49,980,683 common
shares will be reserved for issuance
upon completion of an initial public
offering.

An application has also been granted
for the listing of five million
common share purchase warrants, all
of which will be issued and
outstanding upon completion of the
initial public offering. Listing of
the common shares and warrants will
become effective at 5:01 p.m. on
Tuesday, April 18, 2006, in
anticipation of the public offering
closing on Wednesday, April 19,
2006.

The company will be subject to the
reporting requirements of Section
501 of Toronto Stock Exchange
company manual.

Incorporation: The company was
incorporated under the Business
Corporations Act (Alberta) on Nov.
21, 2005. On Nov. 28, 2005, the
company filed an amendment of its
articles of incorporation to amend
the provisions of its Class B
shares.

Nature of business: The company is
an energy services company with what
management believes to be a unique,
cost-efficient proprietary coiled
tubing-based technology (WISE) and
pressure pumping services operating
throughout the Gulf Coast of the
United States, and with plans of
expanding throughout the oil and gas
producing areas of North America,
beginning with states contiguous to
the Gulf Coast
region, western Canada and the
mid-continent and western U.S.

Transfer agent and registrar:
Olympia Trust Co. at its principal
office located in Calgary and Equity
Transfer Services Inc. at its
principal of in Toronto

Dividends: The company has not
declared or paid any dividends on
the common shares to date. The
payment of dividends in the future
will be dependent on the company's
earnings, financial condition and
such other factors as the board of
directors considers appropriate.
There is no present intention to pay
dividends on the common shares.

Initial public offering: Pursuant
to the prospectus dated March 27,
2006, Research Capital Corp., as the
agent, is offering up to a maximum
of eight million units at a price of
$2 per unit, each unit consists of
one common share in the capital of
the company and one-half of one
common share purchase warrant. Each
whole warrant will entitle the
holder to acquire one additional
common share at an exercise price of
$3 per for a period of 12 months
from the closing date of the
offering.